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Dangote: Priority Investments In Infrastructure, Core Industries Will Boost Nigeria’s Economy

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Dangote: Priority Investments In Infrastructure, Core Industries Will Boost Nigeria's Economy

Says a ‘newly industrialized Nigeria within 10 years is possible

Olushola Okunlade Writes

Business magnate and President of Dangote Group, Aliko Dangote has identified priority investments in infrastructure and core industries among other recommendations, as vital panaceas to boost Nigeria’s economy to its desired level among contemporary nations and in the world overall.

Against the background of the declining fortune of the manufacturing sector, the Africa’s wealthiest man urged the Federal Government to employ strategically

prioritize investments in infrastructure to reverse the trend and boost Nigeria’s economy to its desired level among contemporary nations and in the world over.

Dangote: Priority Investments In Infrastructure, Core Industries Will Boost Nigeria's Economy
Left-Right: Aliko Dangote, President/CE, Dangote Industries Limited, (Guest lecturer) receiving an award from Engr. Mansur Ahmed, President, Manufacturers Association of Nigeria (MAN) during the 50th Annual General Meeting (AGM) of Manufacturers Association of Nigeria and 2nd Adeola Odutola Lecture and Presidential Luncheon in Lagos on Tuesday, October 18, 2022

In his address as Guest Speaker at the landmark 50th Annual General Meeting of the Manufacturers Association of Nigeria (MAN) and the 2nd Adeola Odutola Lecture held yesterday in Lagos, Dangote expressed optimism also noted that with the collective effort of all stakeholders, it is feasible to move Nigeria from “developing nation” to “newly industrialized nation”.

Dangote said it is imperative that the familiar challenges limiting the pace of industrialisation are frontally addressed while setting a clear-cut agenda for the next 10 years. He identified priority investments in infrastructure and core industries among other recommendations, as vital panaceas to boost Nigeria’s economy to its desired level among contemporary nations and in the world overall.

During the AGM, themed: “An Agenda for Nigeria’s Industrialization for the Next Decade”, where a Blueprint for the Accelerated Development of Manufacturing in Nigeria 2.0 was unveiled, the foremost entrepreneur advocated jail terms for dealers in foreign textile materials in order to discourage imports and boost local production in the textile industry. For legislative backup, he also sought the enactment of a law prohibiting the sale of imported fabrics in the country.

Dangote: Priority Investments In Infrastructure, Core Industries Will Boost Nigeria's Economy
Left-Right: Ambassador Hassan Adamu, (Wakili Adamawa), former President of the Manufacturers Association of Nigeria; Senator Walid Jibrin, a guest; Engr. Mansur Ahmed, President, Manufacturers Association of Nigeria (MAN); Aliko Dangote, President/CE, Dangote Industries Limited, (Guest lecturer); Adewale Bakare, Director, Industrial Development Directorate, representing the Minister of Industry, Trade, and Investment during the presentation of the Blueprint for the Acceleration Development of Manufacturing in Nigeria 2.0)launched at the 50th Annual General Meeting (AGM) of Manufacturers Association of Nigeria and 2nd Adeola Odutola Lecture and Presidential Luncheon in Lagos on Tuesday, October 18, 2022
Dangote: Priority Investments In Infrastructure, Core Industries Will Boost Nigeria's Economy
Left-Right: Engr. Mansur Ahmed, President, Manufacturers Association of Nigeria (MAN); Aliko Dangote, President/CE, Dangote Industries Limited (Guest lecturer); Adewale Bakare, Director, Industrial Development Directorate, representing the Minister of Industry, Trade and Investment and Ousseine Diallo, Secreterie Executif de la, FOPAO, Côte d’Ivoire during 50th Annual General Meeting (AGM) of Manufacturers Association of Nigeria and 2nd Adeola Odutola Lecture and Presidential Luncheon in Lagos on Tuesday, October 18, 2022.

Dangote identified various measures which needed to be put in place to allow Nigeria to speed up its industrialization process and development growth. These measures included investment in infrastructure; creation of a business-enabling Policy Framework; development of core industries; macroeconomic stability; facilitation of sectoral linkages and sustaining of the federal government’s recent efforts at ensuring the security of lives, properties, and investments across the nation.

The business titan examined the performance of the industrial sector in Nigeria; identified the nexus between industrialization and economic development with Nigeria and China as a case study; analyzed the manufacturing sector in the country with a focus on its growth trajectory, current status, and challenges, and set an agenda for the next ten years with an implementation roadmap.

According to him, “the experience in various parts of the world has shown that industrialization drives economic growth & development, which improves living standards as evidenced by the high output and per capita income in industrialized countries.

“The rate of industrialization in Nigeria has been slow as evidenced by the low contribution of manufacturing to GDP, poor capacity utilization, and constrained export of manufactured products within and outside the continent. For instance, Nigeria’s share of world output of 0.41%, ranked 29th in the world which is unimpressive, considering its size and resource endowments. It ranks poorly when compared with India at (3.1%), South Korea (3.0%), and China (28.7%).

“Nigeria’s industrialization process has been greatly challenged by structural and institutional constraints, particularly funding. These factors have over the years cumulatively contributed to its disappointing performance. For instance, in the last decade, the average share of manufacturing value added to GDP in countries like China and Malaysia stood at 41% and 38% respectively; compared to 25% in Nigeria.

“In terms of capacity utilization, a major performance indicator which reflects the ability to manufacture companies to meet rising demand without increasing cost, Nigeria achieved a rate of 55% compared to 76% and 78% in China and South Africa respectively. The country’s dwindling industrial performance has significant socio-economic implications, as poverty and unemployment continue to rise.

“From 1960 to 2003, the development trajectory of China by far outpaced that of Nigeria within the same period even though Nigeria began on a seemingly better footing. It is therefore important to track back to where Nigeria “dropped the ball” with a view to repositioning the country to the path of growth, development, and social upliftment.

“Based on the comparative analysis of Nigeria and China, one can safely make the following deductions (i) the numerical strength of a nation (population) can indeed be translated into economic wealth (ii) steady growth in manufacturing output is possible when the operating environment is conducive; (iii) no nation can easily transit from  “developing” to “newly industrialized” without a vibrant manufacturing sector; (iv) effective implementation of long term plans backed with policy consistency will promote enduring economic growth and development”, the industrialist added.

According to Dangote, “Nigeria’s manufacturing sector is dominated by light manufacturing with only a few firms operating in the heavy segment of the sector. There are several factors that need to be in place to accelerate the growth of the manufacturing sector in Nigeria. These include security and rule of law, industry-oriented government policy; adequate infrastructure; industry-oriented Research & Development (R&D); a well-developed SME sector; building of human capacity, and embrace of technology to improve efficiency through automation of manufacturing processes.

In 2019, the Southern Swamp Associated Gas Solutions project was commissioned, and the SPDC JV is planning to reduce associated gas flaring further through its Forcados Yokri gas-gathering project, of which large parts are set to be completed in 2022. Despite such efforts to reduce continuous flaring, unfortunately flaring intensity (the amount of gas flared for every tonne of oil and gas produced) at both SPDC- and SNEPCo-operated facilities increased in 2021 owing to short-term operational issues. Flaring from SPDC-operated facilities increased by around 5% in 2021 compared with 2020. The increase was primarily because of the extended outage of the gas compression system in SPDC’s shallow-water operations. The system was restored and became operational from January 2022. Flaring at SNEPCo-operated facilities rose by around 160% in 2021 compared with 2020. This was mainly because of an increase in flaring on the Bonga floating production, storage and offloading (FPSO) vessel. Repairs to a flex-joint on the Bonga FPSO’s gas export riser in the second quarter took longer than expected, in part because of weather conditions. While repairs were under way, the FPSO continued to produce oil and therefore flaring was necessary for safety reasons. The repairs were safely concluded in July 2021. Although flaring intensity levels rose in 2021, SPDC and SNEPCo over the last 10 years have almost halved the combined amount of hydrocarbons they flare from 1.5 million tonnes in 2012 to 0.8 million tonnes in 2021. This reduction is the result of a strict flaring reduction management process and both SPDC and SNEPCo will continue to work in close collaboration with joint-venture partners and the government to make progress towards ending routine flaring of associated gas. NIGERIA LNG EXPANSION UNDERWAY Global demand for LNG continues to grow as the world increasingly seeks reliable supplies of lowercarbon energy. Shell’s investment in Nigeria’s gas infrastructure for export is expected to help 6 This is according to a data provided by global research and consultancy business Wood Mackenzie. the country benefit further from revenues. Shell Gas B.V. and its partners took a final investment decision in 2020 on a new LNG processing unit – known as Train 7 -- at NLNG. The expansion is expected to create around 12,000 jobs for Nigerians during construction and stimulate growth of the local oil and gas service sector, with 55% of engineering and procurement of goods and services being sourced in-country. Train 7 is expected to ensure Nigeria’s continued place as a global player in a lower-carbon energy source. Once operational, Train 7 will add around 8 million tonnes per annum of capacity to the Bonny Island LNG facility, taking the total production to around 30 million tonnes per annum. In 2021, NLNG began awarding procurement and construction contracts. Early works started at the site. The first phase of the worker village is expected to be ready for occupancy in 2022 and the new material offloading facility ready for use by the end of 2022. NLNG’s Train 7 is expected to come onstream in the middle of the 2020s. KEY LICENCE RENEWED FOR DEEP-WATER SNEPCo has interests in four deep-water blocks in the Gulf of Guinea, two of which it operates. Today, nearly one-third of Nigeria’s deep-water oil and gas production comes from the Bonga and the nonoperated Erha fields.6 Since production began in 2005, Bonga alone has produced more than 950 million barrels of oil with the 2021 average oil production per day at 105,000 barrels. The Bonga FPSO vessel has a total production capacity of 225,000 barrels of oil per day and 150 standard cubic feet of gas export per day. In 2021, the availability of the FPSO vessel increased to 80% from 70% in 2020. In addition to Bonga, SNEPCo’s exploration activities have led to several significant discoveries of oil and gas over the last two decades, including the Bolia and Doro fields (Shell interest 55%). Nigeria Briefing Notes Helping to power Nigeria’s economy 13 In the right investment climate, SNEPCo believes that there are opportunities to expand. In 2021 the OML 118 (Bonga) production sharing contract was renewed and the lease extended for 20 years. Bonga North and Bonga South West Aparo (BSWA) oil fields are two such potential opportunities. Bonga North is a proposed tie-back project to the existing Bonga FPSO with Phase 1 comprising 14 wells. BSWA is a development of a new FPSO with Phase 1 comprising 23 wells. SUPPORTING RENEWABLE ENERGY STARTUPS Millions of Nigerians are excluded from the country’s power grid and Shell Companies in Nigeria have established and provided substantial funding for a not-for-profit, impact-investing company called All On. Operating as an independent company, All On works to bring reliable electricity – often from renewable energy sources -- to off-grid urban and rural customers. This support aims to build a solid pipeline of viable businesses that can create the scale required to address Nigeria’s access to energy gap. In December 2019, SPDC and SNEPCo made a significant additional 10-year financing commitment of $160 million in All On, bringing the total commitment to $200 million. By the end of 2021, All On had provided investment capital to over 40 renewable energy start-ups in its portfolio – an increase of more than 30% from 2020. One such company is Infibranches Technologies Limited, to which All On has committed $2 million, which is expected to enable the indigenous technology company to expand sales of solar home systems via its more than 13,000 agent banking partners across Nigeria. With the support of the Rockefeller Foundation, the All On Hub was established in 2020 to provide nonfinancial support and build the capabilities of off-grid energy entrepreneurs. In 2021, the hub supported 81 ventures – nearly double the 41 supported in 2020. Also in 2021, All On, Odyssey Energy Solutions and the Global Energy Alliance for People and Planet launched a $10 million equipment financing facility as part of the DART pilot programme in Nigeria. 7 Hydraulic flying leads support the delivery of hydraulic fluid and/or chemicals between subsea equipment. 8 Subsea trees are an assembly of valves and other components used to monitor and control the production of a subsea well. DART will combine demand pooling, aggregated purchasing of solar equipment, and access to affordable finance to unlock economies of scale for solar companies, achieve cost savings for end-users, and accelerate the growth of the renewable energy sector in Nigeria and beyond. DEVELOPING LOCAL CONTENT AND SKILLS Shell Companies in Nigeria contribute to the growth of Nigerian businesses that can provide technical and support services to the industry. This includes the manufacture of tools and technical kits, the operation of helicopter flights in the Niger Delta, and strategic partnerships between foreign and local companies to stimulate technology transfer and capacity development. While there are government-required programmes in some areas, such as the Nigerian and Community Content Strategy embedded in the Assa North/Ohaji South gas development project, Shell Companies in Nigeria deliberately seek to contract local businesses wherever possible. In 2021, Shell Companies in Nigeria awarded $800 million worth of contracts to Nigerian-registered companies. Of these, 92% were companies with at least 51% Nigerian ownership. SNEPCo has awarded major engineering and construction contracts to companies that are indigenous, have local staff, or possess domestic capabilities in the country. At present, the manufacture and rebuild of hydraulic flying leads7 (HFLs) is being carried out in-country by wholly indigenous companies. Pressure Controls Systems Nigeria Limited, another Nigerian company, continues to refurbish old subsea trees.8 Sometimes, a lack of access to capital hinders Nigerian companies from competing for and executing contracts effectively. Shell Companies in Nigeria have provided access to nearly $1.6 billion in loans to 901 Nigerian vendors under the Shell Contractor Support Fund since 2012. These loans help improve their tendering opportunities.

On the current status of the manufacturing sector, Dangote noted that manufacturing was singled out in the Nigerian Industrial Revolution Plan (NIRP) as the driver of industrialisation and economic growth.

“The contribution of manufacturing to Real GDP in Nigeria contrasts with what was obtained in countries like China (27.16% in 2019); Germany (19.11%); Japan (20.74%) and South Africa (13.53%). To drive industrialization and sustained economic growth in Nigeria, it is important that deliberate policies that are manufacturing-specific should be designed to support manufacturing activities and address the perennial challenges of the sector. It is important to note that the current government policies, if fully implemented, are good enough to address most of the challenges we are now facing,” he said.

Among manufacturing challenges, he identified an acute shortage of forex; the dearth of long-term funds; limited infrastructure; policy inconsistency/implementation/ enforcement; over-regulation; multiple and high taxes for the industries (the manufacturing sector is beset with over thirty statutory taxes, levies, fees, etc. charged at multiple tiers of government), and insecurity.

According to Dangote, “In consideration of the afore-mentioned challenges, there is an urgent need for a shift in policy approach and strategy to reposition the manufacturing sector for growth over the next ten years. It is imperative that the familiar challenges limiting the pace of industrialization are frontally addressed while setting a clear-cut agenda for the next 10 years.”

While setting an agenda for the next 10 years, Dangote said, “To achieve industrialization goals, it is necessary for a nation to formulate plans and policies that will enhance and sustain industrial development. Sustainable industrial development involves the establishment of a conducive environment to encourage investment and ensure efficient usage of resources to increase productivity and growth of the nation.

“Nigeria needs to henceforth intensify efforts at promoting industrialization with a specific focus on the attainment of the following targets in the next 10 years: 15% manufacturing sector growth, 20% manufacturing contribution to GDP, 15% growth in export of manufactured products, 10% increase in the share of manufacturing to total export merchandise, the stronger inter-industry linkage between SMEs and large corporations, improved manufacturing contribution to Government tax revenue and 20% increase in manufacturing employment”, he added.

In his conclusion, Dangote noted that “The drive to transform Nigerian into an industrialized nation has been a consistent goal of successive governments since independence. It is, therefore, imperative that we focus on sectors with great potential for inclusive growth. Sustainability must be central to our industrial development agenda.

“There is also the need for government (at all tiers) to ensure that they consult widely with relevant stakeholders when taking far-reaching decisions on key sectors of the economy. This will make it much easier for manufacturers to make long-term business plans. In addition, policies that have been “tried- and- tested” should be backed with an Act of parliament to give them legal backing and make them less susceptible to arbitrary changes by successive governments. 

“Industrialization, driven by manufacturing, has the capacity to facilitate enduring economic growth. The transition mechanism entails the availability of required resources, adoption of appropriate technology, provision of favourable operating environment, human capital development, stable macroeconomic environment, and adequate infrastructure. With the collective effort of all stakeholders, it is feasible to move Nigeria from “developing nation” to “newly industrialized nation” status within the next 10 years”, he added.

Economy

30 Host Community Youths Graduate Enjoy Dangote Electrical Training Empowerment Program

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30 Host Community Youths Graduate Enjoy Dangote Electrical Training Empowerment Program

… Ibese Plant donates solar-powered Borehole

 

No fewer than 30 youths from communities around Ibese in Ogun State have graduated from a training program put together by Dangote Cement Plc, Ibese Plant as a way of transforming society and providing employment opportunities for the youths.

 

The empowerment program which afforded the youths the opportunity to be trained on domestic electrical installation, wiring, and maintenance is aimed at accelerating the social and economic development of host communities and is in line with the United Nations Sustainable Development Goal.

 

In the same vein, the Cement plant commissioned a solar-powered Borehole in Abule Oke in Yewa North Local Government, Ogun State in fulfillment of its promises made to the communities during its Community Day celebration last December.

 

The youths were also presented with start-up tools for immediate commencement of their vocation after the training which was put in place by the Ibese Plant in partnership with Industrial Training Fund (ITF).

30 Host Community Youths Graduate Enjoy Dangote Electrical Training Empowerment Program

General Manager, Human Assets Managemnet/Admin, Alh. Abu Sufyan (left) exchanging pleasantries with the Baale of Abule Oke, Chief Ramon Akinsanya at the Commissioning and Handover ceremony of a Solar Powered Borehole donated by Dangote Cement to Abule Oke community to the admiration of HRM Oba Lukmon Kuoye, Olu of Imasayi (2nd left) and Plant Director, Dangote Cement Plant Ibese, Mr. Azad Nawabuddin (2ND right).

Addressing the beneficiaries at the closing ceremony of the program, the Dangote Cement, Ibese Plant Director, Mr. Azad Nawabuddin, described the empowerment initiative as a demonstration of the Company’s commitment to the continued socio-economic development of the host communities in line with the Community Development Agreement signed in 2022.

 

According to him, the Company’s social development strategy “does not support giving people fish to eat but focuses on teaching people how to fish saying the Company was being proactive by engaging the community members, especially the youths with so much energy and vigour.  “Rather we empower them to be self-sufficient and self-reliant”.

 

Mr. Azad reeled out past empowerment initiatives of the Plant aimed at reducing unemployment gaps in the local communities and ultimately improving the standard of living, which include training in catering and event management, tailoring and fashion design, and Acutherapy, from which 275 indigent youths have so far benefitted.

 

He commended the beneficiaries for their determination and zeal to learn new skills to better their lives and urged them to apply the technical and entrepreneurial knowledge garnered during the training in building sustainable businesses while committing to continued development of their skills and expertise in line with global trends.

30 Host Community Youths Graduate Enjoy Dangote Electrical Training Empowerment Program

Plant Director, Dangote Cement, Ibese, Mr. Azad Nawabuddin (2nd right) presenting starter packs to one of the beneficiaries while the GM, HAM/Admin, Alh. Abu Sufyan(right) and Deputy Area Manager, ITF, Ogun State, Mrs. Funmi Coker (left) watch.

The Deputy Area Manager, Industrial Training Fund Abeokuta Area Office, Mrs. Funmi Coker, commended Dangote Cement Plc Ibese Plant for devoting resources to develop the capacity of the Youths in relevant trade areas to make them useful for themselves and their immediate communities. She further appreciated the Company’s consistent collaboration to achieve the Nation’s training objectives, while charging other corporate bodies to follow suit.

 

Mr.Dayo Ogunyinka, the Vice Chairman of the Community Joint Consultative Committee also expressed delight for the Company’s annual empowerment initiative. He enjoined the beneficiaries to see the gesture as a life-changing opportunity with the capability to take them to the pinnacle of success and ensure that the starter packs received are used for the intended purpose.

 

One of the beneficiaries, Ms. Elegbede Ganiyat, from Iboro host community appreciated Dangote Cement for considering it worthy to invest in the development of the youths and described her experience during the training as enriching and everlasting. She assured that the beneficiaries have been well prepared to carve a niche for themselves in the electrical services market in their locality and beyond.

 

Meanwhile, the Cement Company has handed over a multi-million naira solar-powered borehole to the people of Abule-Oke, a host community at a ceremony witnessed by the Olu of Imasayi, Oba Lukman Kuoye; the Baale of Abule Oke, Chief Ramoni Akinsanya other community leaders, youths, women and other indigenes.

 

Speaking during the hand-over, the Plant Director, Mr. Azad Nawabuddin emphasized the essentiality of water to the survival of humans and advised the community to make good use of the borehole facility and put up a framework to ensure its security, maintenance, and sustenance as their equity contribution to the project.

 

The Olu of Imasayi commended the Management of Dangote Cement for “being the transformer illuminating the entire Yewaland’’ while acknowledging the commitment of the Company to improving the standard of living of people in its host communities. He charged the people of Abule Oke to ensure that the borehole facility is sustained such that coming generations can benefit from the project, as only the judicious use of the facility can encourage the Company to invest more in infrastructural developments in the community.

 

The people of Abule Oke were full of gratitude to the Company for the provision of the water facility, as expressed by the youth leader, Mr. Rafiu Akinola who declared that the intervention was timely and value-adding, especially considering the fact that it is powered by Solar thus saving the community of the cost of fueling and maintenance of the generator.

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Economy

Oramah To Give Insight Into Africa’s Economic Transformation At CIBN Anual Lecture

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Oramah To Give Insight Into Africa’s Economic Transformation At CIBN Anual Lecture

By Olusola Okunlade 

There is a strong indication that the economy may be heading towards further economic growth, as His Excellency, Professor Benedict Okey Oramah, CON, FCIB, President and Chairman Board of Directors, African Export-Import Bank (Afreximbank) will be discussing critical issues that will give further insights into the economic transformation of Africa at the 2023 Annual Lecture of The Chartered Institute of Bankers of Nigeria, CIBN scheduled for Wednesday, March 29, 2023, 10:00 am at the Grand Banquet Hall, Civic Centre, Ozumba Mbadiwe Road, Victoria Island, Lagos.

The theme of the Lecture is “Unlocking the Constraints to Africa’s Economic Transformation: Insights into the Power of Capital” and will be facilitated by Professor Oramah who is the Guest Speaker of the event.

The CIBN Annual Lecture is a public enlightenment program aimed at keeping members of the public constantly abreast of topical economic issues and policies of government at the national and international levels. This year’s edition of the Lecture will assemble chieftains of the banking and finance industry, top public officials, foreign diplomats, members of the academia, top executives of the organised private sector as well as other stakeholders in the Nigerian economy who will dimension and articulate clear strategies on how to address the impediments to Africa’s economic development.

In a bid to ensure that Nigerians from all walks of life benefit from the conversation, the Institute has made the program free of charge for participants.

Over the years, the event has attracted globally respected scholars and professionals such as Honourable Justice Emmanuel Ayoola, CON, (Rtd), the Chairman, Independent Corrupt Practices & Other Related Offences Commission (ICPC); Professor John C. Anyanwu, former Lead Research Economist, African Development Bank; the late Professor Dora Akunyili, Director-General, National Agency for Food and Drugs Administration Control (NAFDAC); Sir Ademola Benjamin Aladekomo, Founder and Chairman, CHAMS Plc; Dr. Andrew Hilton, Director and Joint Founder, Centre for the Study of Financial Innovation(CSFI) United Kingdom; Professor Osita Ogbu, OON, former Minister of National Planning and Chief Economic adviser to the President of the Federal Republic of Nigeria; Dr. Akinwunmi Adesina, CON, President, African Development Bank; Mr. Michael Lafferty, Founder and Chairman, the Lafferty Group; Professor Kingsley C. Moghalu, Professor of Practice in International Business and Public Policy at the Fletcher School of Law and Diplomacy at Tufts University and the Founder of Sogato Strategies LLC; Mr. George Lewis, Chairman and Portfolio Manager, Royal Bank of Canada(RBC); Professor Melvin Ayogu, ACIB, Fellow, Mapungubwe Institute of Strategic Reflection, South Africa among others.

To ensure that this year’s event is unique and impactful, the Institute has set up an Implementation Supervisory Committee, chaired by Mrs. Nneka Onyeali-Ikpe, FCIB, Managing Director/Chief Executive Officer of Fidelity Bank Plc. Other members of the Committee are Dr. Adaeze Udensi, Managing Director, Titan Trust Bank; Dr. Ozoemena Nnaji, Director, Trade and Exchange, Central Bank of Nigeria; Mr. Abubakar A. Bello, Managing Director/Chief Executive, Nigerian Export-Import Bank (NEXIM); and Mr. Ekene Uzor, Special Assistant to the President on Banking and Strategy, African Export-Import Bank (Afreximbank).

Ken Opara, Ph.D., FCIB, President/Chairman of Council, CIBN is the Chief Host of the occasion while Akin Morakinyo, HCIB, Registrar/CE, CIBN is the host of the Occasion.

 

 

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Economy

‘Women Play Crucial Roles In Dangote Group Success Story’- Fatima Aliko Dangote

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IWD: ‘Women Play Crucial Roles In Dangote Group Success Story’- Fatima Aliko Dangote

Executive Director, Commercial, NASCON Allied Industries, Fatima Aliko Dangote has revealed that the Dangote Group has invested in innovative technologies and processes to achieve gender equality and empowerment of all women in the organisation.

 

Besides, Fatima disclosed that women are playing pivotal roles in the success story of the Dangote Group. To drive transformative change, she said the company is implementing the policy of continuous improvement in its production processes with state-of-the-art production facilities, which are already being managed by women.

 

Speaking while opening the International Women’s Day Conference in Lagos and Dangote Cement Plc, Obajana Plant, Fatima noted that the company, through its Learning Management System (LMS), offers employees a variety of resources and opportunities that help them advance their professional and personal development.

 

According to her, these learning and development offerings cover vast focus areas and are provided via on-the-job, classroom, and online learning platforms, to both permanent and temporary employees across all cadres, in the Group’s Nigerian and Pan-African operations.

“At the plants, we have the Gamma Neutron Activation Analysis (PGNAA) for online analysis, robotic laboratory, and fully automated central control room system equipped with Human Machine Interface technology (HMI) and innovative solutions to drive resource efficiency, process optimisation and mitigate the environmental footprints of our products while delivering quality products that meet the needs of our esteemed customers,” she added.

 

Fatima explained that Dangote Women’s Network through this year’s theme has provided a unique opportunity to holistically examine the theme of innovation and technology from a gender perspective.

 

“We are inspired by our superheroes in STEM, and we hope this session increases your awareness of innovation, technology, and digital education, driven by women for women, and learn advancements in digital technology that address how we rethink our daily lives and achieve our personal and professional goals.

“I would like to encourage our women with a few tips on leveraging technology, Equipping yourselves academically and technically, be inspired and inspire others by creating opportunities for regular interactions with female STEM champions and leaders and tapping into opportunities for hands-on experience in the form of volunteering”, she added.

 

Speaking also, Co-Founder/COO Piggy/Vest NG, Odunayo Eweniyi said technology plays a key role and can support women in their daily responsibilities either as a mother or as a worker.  She said it’s never too early to introduce girls to technology and that supporting their passion early can lead to meaningful careers in the future.

 

She urged the Dangote Cement Group not to relent in its Gender Balance Policy, especially as it relates to encouraging qualified women in the business of cement production.

 

Chief Enterprises Business Officer, MTN Nigeria Mrs. Lynda Saint said women’s condition can be improved through innovative technology. She encouraged parents to expose their female children to science and technology as the world has embraced technology and innovation in every aspect of the organisation.

 

Giving a vote of thanks at the end of the conference, Group Chief Human Resources Officer at Dangote Industries Limited, Nglan Niat commended the speakers for sharing their valuable thoughts and insights with the Dangote team.

 

“Today marks International Women’s Day 2023, a day set aside to take stock and reflect on how far we have come in tackling gender disparity and also to recognise how much we must go to achieve equality and equity in our workplace. Having female representation at all levels of the company is essential as it contributes to a good working environment and better quality of work. That is what we are striving to achieve. The technology industry has been male-dominated, so we need to work harder to ensure that women are properly supported,” she added.

 

Chairperson of the Dangote Women Network at the DCP Obajana, Mrs. Fatima Kabir Ikunaiye said the Network began operation in 2017, and since then it has carried out several interventional programmes in the cause of women. Some of the programmes, Mrs. Ikunaiye said include: support for orphanages and vulnerable homes, sensitisation and empowerment of women as well as training them on skill acquisition.

 

 

 

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